US stocks slip from records as investors sell safe picks

August 18, 2016 7:08 AM

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NEW YORK — U.S. stocks slid Tuesday as investors continued to sell phone company and utility shares. Energy companies rose with the price of oil, but stocks have been locked in an up-and-down pattern for more than a week.

As the dollar weakened, the price of oil rose for the fourth day in a row to sustain a recent recovery and metals prices also rose. The Labor Department said inflation remains low, as prices paid by consumers were unchanged in July. Most stocks were down, but for the second day in a row, the biggest...